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Retail bankruptcies fall in 2021 due to high sales and low interest rates

Bankruptcies went down in 2021 in the retail industry and throughout the U.S. economy. Low interest rates meant struggling companies could borrow at little cost and strong consumer spending, helped by government stimulus checks and an expanded child tax credit, boosted retail sales. Overall, bankruptcies of companies with debts of $50 million or more fell […]

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